The impact of COVID-19 pandemic can be felt across the chemical industry. The growing inability in the production and manufacturing processes, in the light of the self-quarantined workforce has caused a major disruption in the supply chain across the sector. Restrictions encouraged by this pandemic are obstructing the production of essentials such as life-saving drugs.
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The nature of operation in chemical plants that cannot be easily stopped and started, makes the operational restrictions in these plants a serious concern for the industry leaders. Restricted and delayed shipments from China have created a price hike in the raw materials, affecting the core of the chemicals industry.
The slacking demand from different impacted industries such as automotive is negatively influencing the growth of the chemical industry. In light of the current crisis, the market leaders are focused to become self-reliant which is expected to benefit the economic growth of different economies in the longer term. Companies are triggering events to restructure and recover from the losses incurred during the COVID-19 pandemic.
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Global Nanocrystalline Foils Market Introduction
Technological advancements has led to evolution in the field of nanotechnology. The fine crystalline structures can be drawn into foils and other shapes to achieve superior properties such as mechanical strength, corrosion and wear resistance, protection from magnetic interference, higher energy and noise absorption and reduced weight as compared to conventionally used materials. The nanocrystalline foils are fabricated via electro deposition techniques. The strength of the material increase with decreasing the grain size. The nanocrystalline foils are in high temperature conditions by the process of hot filament chemical vapor deposition. The nanocrystalline foils can protect the surface of soft and less wear resistant materials and are also being used in machinery. These are being used for a number of applications demanding high resistance to external environmental conditions. The nanocrystalline foils have higher physical and mechanical properties as compared to microcrystalline materials. Significant investments are being made for the research and development in the field of nanotechnology. The nanocrystalline foils have the properties such as zero magnetostriction unlike ferrous material thus they can retain their original shape even during high magnetization. Thus they are being widely preferred for use in electronics and energy industry.
Global Nanocrystalline Foils Market Dynamics
Nanocrystalline Foils Market Drivers
The nanocrystalline foils are increasing being used for applications where the conventionally used materials where the conventionally used materials were restricted due to particle size, complexity and other parameters. The use of nanocrystalline foils has caused significant reduction in weight and has improved process efficiency. The global nanocrystalline foils market is driven by rising demand for from the high frequency power transformers. The nanocrystalline foils are suitable for noise suppression and electromagnetic shielding due to the high permeability properties. Nanocrystalline foils are also being used across a wide range of applications such as aerospace, energy, automotive and electronics owing to the properties such as selective permeability, high saturation and can be molded into small sized cores.
Nanocrystalline Foils Market Restraints
One of the major factor restraining the demand for nanocrystalline foils in the global market is the high cost associated with the production of such precision materials.
Another challenge faced by the nanocrystalline foils market is the lack of technological knowhow across many of the developing countries for the application of nanocrystalline foils.
Nanocrystalline Foils Market Trends
The manufacturers of nanocrystalline foils are entering into long term contracts with end users such as sensors, transducers, and other electronic devices manufacturers which requires coating and material highly resistant to magnetic interference.
Significant investments for the research and development for the technological advancements and the development of cost efficient methods of coating of components through nanocrystalline foils is being done and is projected to expand significantly over the forecast period. Manufacturers are focusing on the development of nanocrystalline foils made from alloys and other composite materials.
Global Nanocrystalline Foils Market Segmentation
The global Nanocrystalline Foils market can be segmented on the basis of thickness, application, form and region
On the basis of form, the global Nanocrystalline foils market can be segmented as:
On the basis of thickness, the global
- 15-50 Micron
- 50-150 Micron
- 150-250 Micron
On the basis of end use industry, the global nanocrystalline foils market can be segmented as:
- Research and instrumentation
On the basis of material type, the global nanocrystalline foils can be segmented as:
Global Nanocrystalline Foils Market: Regional Outlook
The global nanocrystalline foils market is anticipated to be dominated by North America and Europe. The growing investments for the research and development and use of such nano engineered products for use across number of applications including electronics, energy, aerospace and others is projected to boost the market demand. Other regions such as Asia Pacific is projected to witness moderate growth for nanocrystalline foils. China is projected to be relatively high growth country in the Asia Pacific market. Regions such as Middle East and Africa and Latin America are projected to witness sluggish growth in demand for nanocrystalline foils. Japan is also projected to witness significant rise in demand for nanocrystalline foils over the forecast period.
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Global Nanocrystalline Foils Market Participants
Some of the market participants identified across the value chain of Nanocrystalline foils market are:
- Metglas, Inc.
- Integran Technologies
- Hitachi Metals, Ltd.
- American Elements
- Nanostructured & Amorphous Materials Inc.
- Hill Technical Sales Corp.
- Anhui Lizhi Magnetic Material Co., Ltd.
- Shanghai Xianyu Electronics Co., Ltd